3 ms·
It's weird, right? Like... who is paying these crazy prices?
by runnr_az 4y ago
It's weird, right? Like... who is paying these crazy prices?
- sarchertech 4y ago~6 months ago, someone with a 90th percentile income could very easily afford a median priced home with a monthly payment well below $2k a month. The answer to who is paying these crazy prices now is fewer and fewer people.
- jeffbee 4y agoThis is basically you refusing to believe in wealth and income inequality. Once you realize that the 99th percentile net worth is 100x the median net worth, and the 99th percentile income is 50x the median, and the 99.99th percentile is 50x the 99th, it should start to become clear. There are millions of people out there walking around with fairly large inherited assets and the only thing they can imagine doing with it is parking it all in real estate.